Charts are utilized in visualizing the business insights out of the raw data. There are different chart types, and they are picked depending on the story we are trying to tell. In your course project, you have utilized different charts to convince the board that the use of business analytics would greatly benefit the organization in making high-level decisions. You will evaluate the current EBM systems in the company and propose new systems to reach the companys business objectives. You will be writing about the current datasets and current data mining tools.
In this assignment, you should explain why you have chosen the three ROI charts in 2-3 pages that you have added in M8. Explain how these charts will impact the resources of the company in the mid-long term. These charts can be about:
Current and future Business Analyst position needs and employee numbers in 5 years.
The financial impact of current and future Business Analyst position needs and employee numbers in 5-10 years.
Potential Return On Investment (ROI) of the new Analysts salaries in 5 years.
Comparison of different Analytics tools in terms of cost and ROI. (For Ex: Python is free, but it needs the hiring of experts, Tableau is X$/year, but the learning curve is small for current employees.
Ranking of various departments and their EBM needs depending on the efficiency of these Analyst and tools can bring. (Maintenance department needs dashboards that costs 100k/year, but we can save 500k/year by the efficiency added by these dashboards)
Forecasting product efficiency rates over time comparing it with the investment costs. (For Ex. The new scheduling software that is developed in the Airline Operator company has an initial cost of 1M$ in a year for the Minimum Viable Product (MVP) than 300k/year for maintenance. It will improve the scheduling efficiency by 10% and valued as 1M$ savings per year)
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